$BTC "The concept of 'America's Bitcoin Reversal' is not clearly defined, but I can provide some insights into the relationship between the United States and Bitcoin.
Recently, there has been a proposal to establish a strategic Bitcoin reserve, which would involve the U.S. government holding Bitcoin as a reserve asset, similar to gold¹. Proponents argue that this would help maintain the global dominance of the dollar and hedge against exchange rate risk.
However, critics argue that holding Bitcoin as a reserve asset would not provide the same benefits as holding traditional reserve assets like gold or foreign currencies. Additionally, the U.S. government's ability to manipulate the value of Bitcoin is limited, and it is still unclear whether holding Bitcoin would yield any significant economic benefits.
As for the current market, the price of Bitcoin is approximately $98,657.88, with a 24-hour high of $100,777.93 and a low of $96,150.00.